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Fly News Breaks for February 21, 2020
ENBL, OGE
Feb 21, 2020 | 08:21 EDT
BofA analyst Julien Dumoulin-Smith downgraded OGE Energy (OGE) to Neutral from Buy with a $46 price target. The company's 25% ownership interest in Enable Midstream (ENBL) is likely to weigh on the long-term outlook, said Dumoulin-Smith, who views the way Enable framed its guidance on the earnings call as "concerning." He sees the midstream business leading to deterioration in the EPS trajectory for OGE, the analyst added.
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